Single-tenant industrial building sells to MDH Partners
JLL Capital Markets closed the sale of the mission-critical distribution center in the South Dallas Industrial market
DALLAS, June 21, 2021 – JLL Capital Markets announced today that it has closed the sale of Bronze Way Distribution Center, a fully leased, 154,000-square-foot, single-tenant industrial distribution center within an infill urban industrial market in Dallas, Texas.
“Dallas-Fort Worth boasts one of the hottest industrial markets in the country, and as industrial demand continues to accelerate, we’re focused on strategically growing our footprint throughout the region – illustrated by several of our recent deals across the state of Texas,” said Georga Rowe, Managing Director of acquisitions at MDH Partners. “Distribution tenants need to be close to customers and a robust labor pool, and DFW offers the best of both worlds. As population grows and industrial demand consistently outpaces supply, we expect this market will continue to outperform other top metros.”
Bronze Way Distribution Center is situated on 7.9 acres at 4707 Bronze Way. This premium, infill location within the South Dallas Industrial market allows for exceptional regional accessibility via its proximity to major interstate highways, including Interstates 35E, 20 and 45 and US Hwy 67, and access to downtown Dallas, Dallas-Fort Worth International Airport, Dallas Love-Field and Union Pacific Dallas Intermodal Terminal. Tenants can reach a population of 7.5 million within the Dallas-Fort Worth area and an additional 58.6 million people within a one-day drive.
The front-load building was completed in 1978 and features a clear height ranging from 22 to 24 feet, 20 overhead dock-high loading doors, three drive-in doors and low office finish. The facility acts as a mission-critical location for its tenant, Boise Cascade Co., a wood and building materials distributor.
The JLL Industrial Capital Markets team that represented the seller was led by Senior Managing Directors Dustin Volz, Managing Director Stephen Bailey, Director Dom Espinosa and Analysts Zach Riebe and Pauli Kerr.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Huntington Industrial Partners
Huntington Industrial Partners is an industrial real estate operating company with a strategic focus on acquiring and developing industrial properties in select U.S. markets. The strategy is executed by local teams with extensive industrial experience, market knowledge, and established network of market contacts.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $4 billion (75 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit mdhpartners.com.